If the Economy Were at Its Potential Output Level,which of the Following

question 71

Multiple Choice

If the economy were at its potential output level,which of the following would not be true?

• A)The actual unemployment rate would equal the natural rate.
• B)The labor market would be in equilibrium.
• C)There would be some seasonal unemployment.
• D)Frictional unemployment would be zero.
• E)There would be some structural unemployment.

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Definitions:

Spreading Activation

A model of how information is retrieved in the brain, suggesting that spreading activation from one concept in a network triggers the retrieval of related concepts.

Discriminative Stimulus

A stimulus in the presence of which a particular response is reinforced, helping to differentiate it from other stimuli where the response would not be reinforced.

Operant Conditioning

A learning process in which the likelihood of a behavior is increased or decreased through reinforcement or punishment.

Reinforcement

A process in behavioral psychology that increases the likelihood of a behavior being repeated, through positive or negative stimuli.